SOLD
Sold on 08 Dec 2023 for $42,700,000

345 Wickham Terrace
Spring Hill QLD 4000

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2899m2
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Property Details for 345 Wickham Tce, Spring Hill

Building Type
Commercial
Land Size
2899m2
Local Government
Brisbane
Lot/Plan
1/RP120322

Last Listing description (August 2018)

Colliers International Hotels is retained as the exclusive marketing agent to offer for sale Hotel Urban Brisbane.
The hotel is strategically located approximately 500m from Brisbane s CBD and services Brisbane s premium health precinct of Wickham Terrace which includes the St Andrew s War Memorial Hospital and the Brisbane Private Hospital. The hotel overlooks Roma Street Train Station and is approximately 300m from the Brisbane Transit Centre.
Hotel Urban Brisbane is an architecturally designed 11-storey 4 star boutique hotel offering 179 rooms and suites, restaurant, bar, swimming pool, gymnasium, and large conference and event facilities. The hotel is situated in an elevated position overlooking the Roma Street Parklands, the CBD, and has views to the Brisbane river.

Brisbane is currently undergoing major city shaping infrastructure projects worth in excess of $16 billion, which will propel Brisbane s international recognition and drive tourism growth. Hotel Urban Brisbane will greatly benefit from its key location close to these city shaping projects, in particular its position adjacent to the $2 billion Brisbane Live entertainment precinct which will be built across Roma Street Station and the Brisbane Transit Centre.
Brisbane s major infrastructure projects will consolidate the city s improving hotel market and establish Hotel Urban as a strategic investment opportunity.
Key investment highlights include:
- 179 guest rooms and suites;
- 2,899m2 of freehold land;
- Vacant possession available;
- Large and flexible conference and event facilities;
- Secure onsite car parking with 78 spaces; and
- Premium Brisbane location.
Hotel Urban Brisbane is being offered for sale by Expressions of Interest, closing Thursday 13 March 2018. For additional information or to arrange to inspect please contact Neil Scanlan and Leo Carne.

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Property History for 345 Wickham Tce, Spring Hill, QLD 4000

A timeline of how this property has performed in the market
Last Sold
$42,700,000
08 Dec 2023
  • 08 Dec 2023
    Sold for $42,700,000
  • 27 Jun 2018
    Sold for $29,000,000
  • 05 Feb 2018
    Listed for Sale Not Disclosed
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About Spring Hill 4000

The size of Spring Hill is approximately 1.3 square kilometres. It has 7 parks covering nearly 19.6% of total area. The population of Spring Hill in 2011 was 5,258 people. By 2016 the population was 5,958 showing a population growth of 13.3% in the area during that time. The predominant age group in Spring Hill is 20-29 years. Households in Spring Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Spring Hill work in a professional occupation. In 2011, 29.6% of the homes in Spring Hill were owner-occupied compared with 29.9% in 2016.

Spring Hill has 5,373 properties. Over the last 5 years, Houses in Spring Hill have seen a 53.65% increase in median value, while Units have seen a 57.93% increase. As at 31 October 2024:

  • The median value for Houses in Spring Hill is $1,519,596 while the median value for Units is $548,053.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 38 properties listed for sale, and 43 properties listed for rent in Spring hill on OnTheHouse. According to CoreLogic's data, 345 properties were sold in the past 12 months in Spring hill.

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